Aegon Property Income sells final properties
The wind-up of the fund lasted more than 27 months, beginning on 9 July 2021, exceeding its original expected deadline of August 2023.
According to an update from 23 October, the remaining assets have been sold, with shareholders set to receive their final distribution before the end of 2023, although an exact date has yet to be confirmed.
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The final properties were a Birmingham site rented by ITV, a Preston Premier Inn and a luxury apartment building in London.
The Birmingham site comprised 52.6% of total property assets in the fund, with the Premier Inn representing 40.8% and the London apartments rounding off the remaining 4.6%.
While these properties represented 85.7% of the remaining £20.3m, the fund also held cash and short-term assets and liabilities totalling 14.3%, or £2.9m.
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The wind-up of the fund lasted more than 27 months, exceeding its original expected deadline of August 2023, or 24 months.
To date, investors have received 82.6% of the fund's closing NAV, according to the latest factsheet.
According to the fund's current factsheet, co-manager Karen Fox left Aegon Asset Management on 28 April 2023.
Fox spent more than seven years with the asset manager, having held previous roles at Aviva Investors and CBRE.
According to her LinkedIn, she remains open to opportunities.
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